Exit / M&A
Nexion Group officially lists on the ASX
Perth hybrid cloud provider Nexion Group begins ASX trading under ticker NNG on 18 February, after a prospectus offer of 40 million shares at 20 cents raised $8 million.
Also ARN (ARNnet)
Company
Pure Storage
Disclosed deals
Every published round Pure Storage took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Portfolio
Companies Pure Storage has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Funds
Fund closes reported for Pure Storage, as distinct from the investments it has made.
Portfolio companies acquired
Companies Pure Storage has backed that another company then bought. An exit for the holding, not a deal Pure Storage did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Pure Storage is recorded as having been acquired. | ||||
What Pure Storage bought
Companies Pure Storage acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| StorReduce | Acquisition | undated | - | SmartCompany (Wed 27 Feb 2019), SmartCompany (Fri 5 Oct 2018) |
People
Coverage
Stories naming Pure Storage. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Seed
$400k
“We never saw it coming”: How a single whitepaper download led to Sydney startup StorReduce’s acquisition
Profile recalling how StorReduce, a Sydney data-storage software startup, was acquired by Pure Storage after the US firm downloaded its whitepaper, covering its seed raise, accelerator stint and due diligence.
Exit / M&A
Australia’s VC power couple: Why Ian Gardiner walked away from Amazon to join his wife’s investment venture
Profile of Ian Gardiner leaving AWS to work at Jelix Ventures, the VC run by his wife Andrea, which is raising a first fund after portfolio company StorReduce was bought by Pure Storage.
Also SmartCompany